Fitch Ratings remained the top player for rating non-agency MBS in the second quarter of 2024 but the firm lost some market share.

Fairway Independent Mortgage Corp. established a $1.0 million fund to help with the recovery from Hurricane Helene.

Conforming loan limits for the upcoming year are usually announced by the FHFA in late November.

Non-QM impairments continued to climb in July and August, dv01 said.

Banks continue to dominate home equity lending, but some nonbanks have made big moves, including Rocket Mortgage.

Refis accounted for 55.7% of mortgage applications last week.

The revamped rules allowed lenders to use a wider variety of standards to meet ATR and qualified-mortgage requirements while also introducing some uncertainty on whether specific loans comply with ATR standards.

Annual readings for home price appreciation are close to falling below the increase in conforming loan limits some lenders have offered for 2025.

It’s the 14th expanded-credit MBS from Annaly this year, amounting to $7.57 billion in volume.

A&D Mortgage has partnered with Atlas Merchant Capital to fund more expanded-credit MBS transactions.